51 Townsend StWakemanOH44889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Wakeman at 51 Townsend St, Wakeman, OH, 44889 priced at $229,000 converts $1,825/mo rent into $319/mo cash flow after a $1,121/mo obligation. Total monthly income equals $1,825/mo, and annual cash flow totals $3,822/yr on $75,914 invested. Return on cash invested prints 24.94% in year one, and rental yield reads 9.56% against a $229,000 entry. Equity gained on principal adds $1,478/yr, while 5% annual appreciation compiles into $63,268 by year five. Five-year ROI reaches 130.37% and total cumulative return in cash sums $98,969. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,825/mo property income covering a $1,121/mo payment, not borrower’s personal income.
Single Family
Built in 1973
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44889, Wakeman, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,936 (100%) |
| Owner Occupied HU | 2,266 (77.2%) |
| Renter Occupied HU | 515 (17.5%) |
| Vacant Housing Units | 155 ( 5.3%) |
| Median Home Value | $239,086 |
| Average Home Value | $309,092 |
Housing Distribution
Address Breakdown
Residential
2,654
Single Family
2,548
Multi-Family
106
Businesses
107
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